Cabinet Expansion-Gainers vs Losers

                      In any reshuffle of the ministry, there will be some who will cheer, some suffer heartburn (they are not losers in the real sense). some who despise their fate being unlucky and a whole lot of people who are indifferent. I belong to the last category. I am indifferent for I feel that it will not make any difference to my existence. That is ture for all those in...

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Labor Reforms in India - What They Portend?

There is a lot of talk about labor reforms in India.  Many reports have come that it will be unveiled soon. But still it is not clear what will be those reforms. There are conjunctures and predilections. But on one knows exactly what these reforms are. Will the government openly discuss these reforms with the stakeholders and  political parties? Today, there is a news in Times of India that the President has approved the amendments...

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Circus of Retrospective Tax

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The Electronics Revolution in India

Everyone in India is talking about revolutions in many sectors be they  e-commerce, telecom (read 4G), health, education and the list goes on. But one sector that has  been less quoted in the run-up to revolutions is electronics. Let the facts speak for itself. By 2020, India needs  close to US$ 400 billion worth of electronics hardware. Gauged by the pace of domestic production, the production might perk up to US$ 100 billion....

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An Ode to Black Money

Ever since I started focusing on economic issues, that is some 30 odd years back, black money has been in the news.While I was a student of economics, I was taught that bad money drives good money out of circulation. That is what Gresham law says. That may be true in the case of black money also; it must be driving the good money, the so called white money, out of its relevance. At this rate, this debate: How to tackle the menace of black...

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